1st Quarter Results
13 8월 2003 - 4:00PM
UK Regulatory
RNS Number:5873O
CESC Ld
12 August 2003
CESC LIMITED
Registered Office: CESC House, Chowringhee Square, Kolkata 700 001
Unaudited Financial Results (Provisional) for three months ended 30 June, 2003
Three months Three months Year
ended 30.6.2003 ended 30-6-2002 ended 31.3.2003
(Unaudited) (Unaudited) (Unaudited)
(1) (2) (3)
Rs. Crores
1 Net Sales 640 550 2185
2 Other Income 13 13 54
Total 653 563 2239
3 Total
Expenditure:
(a) Fuel Cost 178 161 641
(b) Personnel Cost 69 58 255
(c) Power Purchase 103 96 313
(d) Others 102 86 349
4 Interest 104 105 408
5 Profit before 97 57 273
Depreciation
6 Depreciation 82 80 322
7 Profit/(Loss) 15 (23) (49)
before tax
8 Provision for 0 0 0
Taxation
9 Net Profit/(Loss) 15 (23) (49)
10 Paid-up Equity 58 58 58
Share Capital
(Shares of Rs.10
Each)
11 Net Reserves
(excluding
Revaluation
Reserve of Rs.
1372 Crores) as
per
latest audited
Balance Sheet
as on 31 March 151
2001
12 EPS (Rs.)
- Basic & Diluted 2.60 (3.98) (8.48)
Notes :
1. Net sales for the three months ended 30th June 2003 have been accounted
for based on the interim tariff order dated 23rd April, 2003 of the Hon'ble West
Bengal Electricity Regulatory Commission (Commission) for the year 2003-04.
Accordingly the above referred results are subject to changes based on the final
order of the Hon'ble Commission on the tariff petition made by the Company for
the said year. Figures in Column (2) above are as submitted earlier to the Stock
Exchanges, but incorporating adjustments for exchange rate variation.
2. The Company is engaged in generation and distribution of electricity and
does not operate in any other reportable segment.
3. Auditors' Report on the latest audited accounts for the year 2000-2001
included reference to certain Notes on Accounts relating to some unprovided
claims of Damodar Valley Corporation/West Bengal State Electricity Board and
shortfall in corpus of gratuity fund. The Company, in view of consistently
followed past practice compatible with the nature of its business, has followed
the same basis of accounting in respect of these matters. The financial impact
of the aforesaid matters pertaining to the period ended 30 June, 2003 is not
ascertainable at this stage.
4. The balance amount of Rs. 10/- (including premium of Rs. 5/-) due on
partly paid shares was called up during June, 2003 quarter.
5. Upon redressal of 12 investor complaints received during the quarter,
there was no unresolved complaint as at 30 June, 2003.
For CESC Limited
S Banerjee
Managing Director
Dated: 28 July 2003
This information is provided by RNS
The company news service from the London Stock Exchange
END
QRFBXGDIBUBGGXD